Begbies Traynor Group (LON:BEG) Full Year 2023 Results

Key Financial Results

Revenue: UK£121.8m (up 11% from FY 2022). Net income: UK£2.91m (up from UK£500.0k loss in FY 2022). Profit margin: 2.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. EPS: UK£0.019 (up from UK£0.003 loss in FY 2022). earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Begbies Traynor Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in the United Kingdom.

Performance of the British Professional Services industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted  1 warning sign for Begbies Traynor Group  you should know about.

Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here